The Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Act 10 of 1976)
Section 22. Audit, inspection and inquiry reports of Societies to be available to banks.
The Registrar of Co-operative Societies shall draw the attention of the bank financing a Co-operative Society to the defects noticed in every audit or inquiry or inspection of such Society conducted as per provisions of the Meghalaya Co-operative Societies’ Act (Assam Act I of 1950 as adapted by Meghalaya) and shall also supply a copy each of such audit, inquiry or inspection report, if demanded, in writing, by the bank.
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